- December 12, 2022
- Posted by: Stratford Team
- Category: Economy
Over that past year, the US Consumer has far out-performed Wall Street, in successfully forecasting both the economy and the stock market?
Which doesn’t say much for the capabilities of the Wall Street ivory tower set.
I have constantly warned, Wall Street economists are no match for medium and small business managers out there in the real world on Main Street. The reason is straight forward. Business managers are seeing in real time what economic data series will only begin to pick up 1-3 months from now.
The US Consumer of late, seems to only ever be in one of two mindsets. Either overly-enthusiastic or quite depressed. This is a natural outcome from the extreme volatility and behind the curve missing every cycle activity Federal Reserve. The Fed, like the RBA, has been aggressively driving a rollercoaster economic outcome.
In fact, the US consumer has rarely in history been as depressed as they are today. While some…
